Collegium Pharmaceutical Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
AI Analysis of COLL
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Collegium Pharmaceutical stock downgraded to Hold/Accumulate
(Updated on Oct 04, 2024)
Buy or Hold candidate since Sep 12, 2024
Gain 14.59%
The Collegium Pharmaceutical stock price gained 4.94% on the last trading day (Friday, 4th Oct 2024), rising from $39.89 to $41.86. During the last trading day the stock fluctuated 6.00% from a day low at $39.84 to a day high of $42.23. The price has been going up and down for this period, and there has been a 7.14% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 236 thousand more shares were traded than the day before. In total, 543 thousand shares were bought and sold for approximately $22.74 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.67% during the next 3 months and, with a 90% probability hold a price between $46.53 and $52.53 at the end of this 3-month period.
COLL Signals & Forecast
The Collegium Pharmaceutical stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $39.43 and $37.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, August 06, 2024, and so far it has risen 22.58%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Collegium Pharmaceutical stock
On the downside, the stock finds support just below today's level from accumulated volume at $39.07 and $38.60. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Collegium Pharmaceutical finds support just below today's level at $39.07. If this is broken, then the next support from accumulated volume will be at $38.60 and $34.89.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.39 between high and low, or 6.00%. For the last week, the stock has had daily average volatility of 4.36%.
Our recommended stop-loss: $40.39 (-3.50%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (COLL) For The Upcoming Trading Day Of Monday 7th
For the upcoming trading day on Monday, 7th we expect Collegium Pharmaceutical to open at $41.31, and during the day (based on 14 day Average True Range), to move between $40.46 and $43.26, which gives a possible trading interval of +/-$1.40 (+/-3.34%) up or down from last closing price. If Collegium Pharmaceutical takes out the full calculated possible swing range there will be an estimated 6.68% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $39.07, some $2.79 (6.67%) from the current price of $41.86, our system finds the risk reward attractive.
Is Collegium Pharmaceutical stock A Buy?
Collegium Pharmaceutical holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score:
0.000
Hold/Accumulate
Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
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Predicted Fair Opening Price
Predicted fair opening price on October 7, 2024 - $41.31 ( 1.31%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for COLL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.70 | 4.40% |
| R2 | 42.79 | 2.21% |
| R1 | 42.22 | 0.87% |
| Price | 41.86 | |
| S1 | 40.40 | -3.49% |
| S2 | 39.83 | -4.84% |
| S3 | 38.92 | -7.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 41.86 | |
| S1 | 39.07 | -6.67% |
| S2 | 38.60 | -7.79% |
| S3 | 34.89 | -16.65% |
FAQ
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